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Lee sun' has sales of $3,000, total assets of $2,500, and a profit margin of 5 percent. The firm has a total debt ratio of 40 percent. What is the return on equity? A. 10 percent B. 8 percent C. 6 percent D. 12 percent E. 15 percent

Lee sun' has sales of $3,000, total assets of $2,500, and a profit margin of 5 percent. The firm has a total debt ratio of 40 percent. What is the return on equity? A. 10 percent B. 8 percent C. 6 percent D. 12 percent E. 15 percent

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6P
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Lee sun' has sales of $3,000, total assets of $2,500, and a profit margin of 5 percent. The firm has a total debt ratio of 40 percent. What is the return on equity? A. 10 percent B. 8 percent C. 6 percent D. 12 percent E. 15 percent
Transcribed Image Text:Lee sun' has sales of $3,000, total assets of $2,500, and a profit margin of 5 percent. The firm has a total debt ratio of 40 percent. What is the return on equity? A. 10 percent B. 8 percent C. 6 percent D. 12 percent E. 15 percent
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